The rights and obligations contracted by the company under its former form shall remain valid under the new form. The same shall apply to security interests, unless otherwise provided in the instrument instituting the said security interests.
In the event of transformation a company in which members’ liability is unlimited into a form of company where partners’ liability is limited to their contributions, creditors whose claims date prior to the transformation shall retain their rights against the company and the members.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 56
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 186 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.